Back
4 Oct 2013
NZD/USD recording fresh high for the week
FXstreet.com (London) - NZD/USD is recording a new high on the last day of the week, reaching 0.8352.
NZD/USD continues on the bid with the back drop of a hawkish RBNZ and concerns over the US Government’s partial shutdown as it continues into the fourth day running. Looking ahead to next weeks data for New Zealand, research teams at TD Securities said to expect further upside to business confidence in the NZIER quarterly Business Outlook survey on Tue given upbeat monthly surveys (prior +32). “After a strong run of credit card spending, there may be a pull-back in Sept (TD flat, mkt 0.4%, last 0.8%), released Wed, but the qtr is already up +2% on Q2”.
NZD/USD Levels
The 20 DMA is 0.8230, the 50 DMA is 0.8044 and the 200 DMA is 0.8182. RSI (14) reads 55.09. Supports are ascending from 0.8190, 0.8228, 0.8261, 0.8276, 0.8288. Spot currently reads 0.8336 while resistances are coming in at 0.8374, 0.8390 and 0.8436.
NZD/USD continues on the bid with the back drop of a hawkish RBNZ and concerns over the US Government’s partial shutdown as it continues into the fourth day running. Looking ahead to next weeks data for New Zealand, research teams at TD Securities said to expect further upside to business confidence in the NZIER quarterly Business Outlook survey on Tue given upbeat monthly surveys (prior +32). “After a strong run of credit card spending, there may be a pull-back in Sept (TD flat, mkt 0.4%, last 0.8%), released Wed, but the qtr is already up +2% on Q2”.
NZD/USD Levels
The 20 DMA is 0.8230, the 50 DMA is 0.8044 and the 200 DMA is 0.8182. RSI (14) reads 55.09. Supports are ascending from 0.8190, 0.8228, 0.8261, 0.8276, 0.8288. Spot currently reads 0.8336 while resistances are coming in at 0.8374, 0.8390 and 0.8436.